Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 120. (Read 203299 times)

Also,

Big shoutout to those guys who were answering questions here while we were absent!! Thank you so much guys, what a friendly community!!!

Cryptonomos Team

Hello! For these questions, please read thoroughly through White Paper and FAQ:

- FAQ https://cryptonomos.com/wtt/faq
- White Paper https://cryptonomos.com/wtt/white-paper.pdf

If you still have any questions - please let us know.

You are correct, the mining rewards do sound crazy, yet they are true. Some miners it takes 2-3 months and you are back at where you started. For general knowledge, please keep in mind, that without WTT tokens you might have hard time allocating those miners in Giga Watt facilities - tokenholders are prioritized.

Sorry for absence! For refunds, contact [email protected]

Guys,

We sincerely apologize for not answering your questions for a few days, we got extremely overwhelmed with ICO tasks! Please join us on active conversations in Slack, Telegram and Whatsapp channels:

Slack: http://slack.cryptonomos.com
Telegram: https://t.me/wtt_token
Whatsapp: https://chat.whatsapp.com/2fB8dw55u2eGxPFgx0N5Ez

We will also try to answer all of the questions we missed during these days. You can also PM us on this account.

Our apologies,
Cryptonomos Team

Giga Watt team keeps in touch with offical miner providers, so as soon as they get an answer, Giga Watt updates next delivery date on miners

Sorry have been super busy with lots of traffic from everywhere Withdrawal is available by request to [email protected] at the moment.

The tokens will be on exchanges for sure, the question is which ones. I would guess Bittrex to start with since they list currencies easily.

You can ship them your miners, look on the giga watt website. You have to contact them. Also good luck finding miners available anywhere else...

I opted in and bought tokens, just to discover that nearly all the miners are out of stock and the one left will only be delivered in 3.5 months...

Is there any ETA on the future availability of the S9, T9 and Panda miners?
Alternatively, will you accept refunds for L3+ purchases for the months left till the delivery date? It is difficult enough to estimate ROI as it is, but when you add 3.5 months waiting time in which mining difficulty can rise and coin value fluctuate, it makes things worse.

How many people are buying in and why would you say this is the best hosting option? I do not like hosting these pandas at home

do you even read the first post? yes they do provide that.

Reading the whitepaper it says if you don't have enough tokens you pay the retail rate for whatever power you are using over the token amount. So I would think if you setup an l3 now at regular prices once the tokens are released your hosting fees would be lowered to the token level. And you can send them or have your miner shipped to them you don't have to buy it from them. I'd contact them to make sure you can apply your tokens to your hosting plan once they are released but my guess is it should work.

No there were definitely x11 miners, there were single nicehash addresses with 30+ GH mining which in GPU days was pretty massive. the reason it was unprofitable was because of the difficulty not so much the coin price. The hashrate kept growing despite the price not growing and other coins being more profitable. it was a bear market for all coins but people would rotate to whatever was turning a profit, yet the hashpower being thrown at x11 always went up even if the coin price dropped. FPGA aren't hard, they sell kits for them. I'm not smart enough to do it but it's not rocket science. Anyway nobody was publicly selling them except for the scam cloud mining guy so no hard proof but there were people on bitcointalk claiming to have seen x11 fpga farms in China.
Only two other coins have ASIC, Bitcoin and Litecoin and both of them had FPGA before ASIC so it would actually be odd if X11 didn't have FPGA. The kits are cheap and design is easier than ASIC. It would be pretty odd if nobody did FPGA before jumping to ASIC.
One reason FPGA aren't sold publicly is they are easy to copy, so all the work put into design if somebody got their hands on it they could buy a kit and reproduce it easily. I'm not an FPGA expert, just a forum lurker but from what I read there are FPGA that can protect from copying but they are expensive. Those with the skills to program the FPGA make more mining for themselves building up a farm rather than selling a couple and having their deisgn copied and then they have to compete with others, so it makes economic sense to keep FPGA secret.
Decred algo was a good algo for FPGA, if the devs were smart they designed some FPGA before releasing the coin so they could mine super efficient. ANd actually I remember Vanilla coin or something similiar to that the dev actually did build FPGA and had videos of it. I wasn't into that coin so not sure if he sold or shared his design or what but I remember seeing it and it wasn't so fast it made GPU unprofitable but it was super efficient using very little power compared to GPU.
Anyway they are more common than most think, and if a coin made it all the way to ASIC I'd be willing to bet it had an FPGA along the line.

lately i've been lazy using nicehash. They should hire you to do UX upgrades, they do pay bounties. If they were able to get Minera level user experience they would totally dominate. Even if you could make more mining somewhere else you wouldn't want to leave the Minera interface so you'd stay on Nicehash 
I'm using Nvidia GPU also so there aren't many software to manage farms, although I read PiMP added nvidia support. I just use ccminer and bat files. You really did an amazing job with the entire layout and design of Minera, if Nicehash or anyone else wanted to upgrade their design they'd be crazy not to hire you.

do you provide only electricity and facility area? or do you also provide mining equipment if we pay for it? i really wonder this question.

Still no response regarding withdrawal of deposited coins, BTC/ETH. I think that they can not support miners well after ICO even if this is not a scam. Poor support.

 Keep in mind that a lot of major farms pay less than 3c/kwh for electric - back in the Darkcoin days even with 8c I was break-even at WORST (but summer rate at 14 convinced me to move to something else, and I never looked back).

 No need for hypothetical FPGA-based X11 miners to explain why it got unprofitable for many small miners.




 I doubt that ETH going to PoS will affect it's price as such - it WILL kill the ability of miners to mine it once it goes 100% PoS, but miner profitability does NOT drive price - price drives profitability.

Can I reserve Romanian translation? Haven't seen anyone reserving it here, but maybe they reserved via email.

I was looking for a refund to buy a l3 miner and split the amount with wtt. Would have been a great idea, even now, to make the option of buying equipment with wtt. In my case I'd like to profit from the availability of the equipment right away and the bonus of wtt. if I would ship to my country, the effort would be greater and the wait about the same I think.

Sounds like an interesting project, not sure the saving for mining is real, seems there are misc fees to do mining, might mine at home if the electricity fee is low.